Wyndham Newport Hotel
Wyndham Newport Hotel
Turtle Swamp Brewing
Turtle Swamp Brewing
The Sunset Hill House
The Sunset Hill House
Iron Horse Dressage
Iron Horse Dressage
IDS Highway Safety
IDS Highway Safety

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98% of businesses in New England
meet the basic eligibility requirements for SBA 504 financing.


Learn everything you need to know about this unique financing program.


Review loan guidelines and use our online tools to check eligibility.


See the current and historical debenture rates.

Loans to Small Businesses

Total Project Financing

Jobs Created

What’s the deal?

Borrowers can obtain up to 90% financing, with up to 40% from Bay Colony at a 10, 20 or 25-year below market fixed rate and 50% from the participating lender at a conventional market rate.

Who can borrow?
Almost all types of businesses are eligible. Review the general eligibility guidelines to see if you are eligible.
What can the money be used for?
Acquisition, improvement or new construction of fixed assets including owner occupied commercial real estate as well as equipment with a useful economic life of 10 years or more can be financed by a 504 loan. Almost all soft costs can be included.
How large (or small) could the project size be?
Our portion of the total project cost cannot be lower than $25,000. While there is no maximum limit on the total project costs, Bay Colony can lend up to $5 million ($5.5 million in certain cases).
Why Bay Colony?
As a leading provider of SBA 504 financing since 1981, we are one of the nation’s oldest and most experienced Certified Development Companies. Client satisfaction is the cornerstone of our values.
Where is financing available?
We serve businesses in all of Massachusetts, New Hampshire, Rhode Island, and Vermont, and in several counties in Connecticut.See More

Recently Funded Projects

Loans Funded December 2022

Loans funded in December 2022 ranged from $163,000 to $2,734,000 and provided assistance to businesses located in Bellingham, Chelmsford, Rockland, Holliston, Groveland, Jamaica Plain, Lynn, Boxborough, Cambridge, Peabody, North Reading, MA as well as Nashua, Portsmouth, NH, and Warwick and Smithfield, RI. The projects will contribute to the creation of 85 Jobs.

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Loans Funded November 2022

Loans funded in November 2022 ranged from $72,000 to $2,923,000 and provided assistance to businesses located in Hopedale, Ipswich, Plainville, Hopkinton, Chatham, Medford, Pepperell, Hanover, Methuen, Seekonk, Salem, Mansfield and Boston, MA as well as Manchester and Pelham, NH. The projects will contribute to the creation of 74 Jobs.

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Loans Funded October 2022

Loans funded in October 2022 ranged from $235,000 to $1,153,000 and provided assistance to businesses located in Acton, Peabody, West Yarmouth, Somerville, Dracut, Hyannis, Ayer, Danvers and Lancaster, MA as well as Wilton, Manchester, Londonderry and Merrimack, NH and Manchester, CT. The projects will contribute to the creation of 66 Jobs.

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